Announcements

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      Scope withdraws the rating on the series 2023-1 notes issued by CiMA Finance DAC

      18/3/2024 Rating announcement

      Scope withdraws the rating on the series 2023-1 notes issued by CiMA Finance DAC

      The rating on rated notes is being withdrawn for business reason upon originator's request.

      Updated issuer rating report on Landkreditt Bank AS

      18/3/2024 Monitoring note

      Updated issuer rating report on Landkreditt Bank AS

      Scope Ratings has updated its issuer rating report on Landkreditt Bank, rated A- with Stable Outlook.

      Egypt: devaluation, financial support mitigate near-term risks, but challenges remain

      18/3/2024 Research

      Egypt: devaluation, financial support mitigate near-term risks, but challenges remain

      Egypt has improved its near-term finances by attracting foreign investment, devaluing the pound and securing more IMF support, but converting those gains into more sustainable long-term economic policy remains central for reversing the rating trajectory.

      Fnac Darty S.A.’s planned bond issuance in line with rating case

      18/3/2024 Monitoring note

      Fnac Darty S.A.’s planned bond issuance in line with rating case

      The upcoming issuance of EUR 500m senior unsecured debt does not alter the issuer’s rating case. The bond proceeds are earmarked for the refinancing of two bonds maturing in 2024 and 2026.

      Scope affirms Finland's credit ratings at AA+ with Stable Outlook

      15/3/2024 Rating announcement

      Scope affirms Finland's credit ratings at AA+ with Stable Outlook

      Finland's wealthy economy, high government debt affordability and effective institutions are credit strengths. Rising fiscal pressures, a moderate growth potential and exposure to financial stability risks are challenges.

      Scope has completed the monitoring review for Aporti S.r.l. - Italian NPL ABS

      15/3/2024 Monitoring note

      Scope has completed the monitoring review for Aporti S.r.l. - Italian NPL ABS

      No action has been taken on Class A notes issued by Aporti S.r.l. following the monitoring review.

      German banks: systemic crisis unlikely amid persistent concerns about real estate slump

      15/3/2024 Research

      German banks: systemic crisis unlikely amid persistent concerns about real estate slump

      Fears of a real estate crisis engulfing German banks, particularly around US office exposure, have overshadowed their better annual results announced in recent weeks. But there is no immediate risk of a systemic crisis.

      Scope updates its European Utilities Rating Methodology and calls for comments

      15/3/2024 Research

      Scope updates its European Utilities Rating Methodology and calls for comments

      The proposed update clarifies and further refines Scope’s analytical approach. The methodology as proposed will not have an impact on outstanding ratings.

      Scope affirms Envien’s issuer rating at BB/Stable, downgrades senior unsecured bond rating to BB-

      14/3/2024 Rating announcement

      Scope affirms Envien’s issuer rating at BB/Stable, downgrades senior unsecured bond rating to BB-

      The downgrade on the bond rating reflects the change in recovery assessment on higher bank debt. The issuer rating is derived from the rating of the guarantor parent, Envien International Ltd, and reflects deteriorated yet still good credit metrics.

      Scope publishes BBB-/Positive issuer rating on Hungarian oil and gas company MOL

      14/3/2024 Rating announcement

      Scope publishes BBB-/Positive issuer rating on Hungarian oil and gas company MOL

      The rating is supported by a good financial risk profile but is held back the relatively weak business risk profile.